Senate Sponsors: WATSON-LUECHTEFELD. House Sponsors: BOST-GRANBERG Short description: COAL RESURGENCE FUND Synopsis of Bill as introduced: Amends the Use Tax Act, the Service Use Tax Act, the Service Occupation Tax Act, and the Retailers' Occupation Tax Act. Provides that money received under those Acts as taxes on the sale of coal shall be deposited into the Illinois Coal Resurgence Fund. Amends the State Finance Act to create the Fund. Amends the Energy Conservation and Coal Development Act to provide that the Department of Commerce and Community Affairs, with approval of the Coal Development Board, subject to appropriation by the General Assembly, shall administer the Fund and fund projects by making grants or low-interest long-term loans to assist in reopening closed Illinois coal mines, keeping existing coal mines operating, developing new markets for Illinois coal, funding the shipping of Illinois coal to new markets, constructing and opening coal conversion parks in Illinois, and providing incentives to attract new businesses that use coal or coal byproducts to relocate in Illinois. Effective immediately. SENATE AMENDMENT NO. 1. Includes in the list of powers and duties of the Illinois Coal Development Board the authority to authorize expenditure of monies from the Illinois Coal Resurgence Fund. Provides that monies in the Illinois Coal Resurgence Fund may be used to assist in hiring consultants, engineers, and other experts to assist in providing feasibility work in connection with projects whose funding would otherwise be authorized under the Energy Conservation and Coal Development Act. SENATE AMENDMENT NO. 2. Deletes reference to: 30 ILCS 105/5.449 new 20 ILCS 1105/8 20 ILCS 1105/8.2 new 35 ILCS 105/9 35 ILCS 110/9 35 ILCS 115/9 35 ILCS 120/3 Adds reference to: 30 ILCS 330/7 from Ch. 127, par. 657 Deletes everything. Amends the Energy Conservation and Coal Development Act and the General Obligation Bond Act. Provides that the Department of Commerce and Community Affairs shall administer the Coal Resurgence Program. Provides that the Department shall, in accordance with the General Obligation Bond Act, assist in the reopening of closed Illinois mines, allowing existing Illinois coal mines to remain operating, developing new markets for Illinois coal, funding the cost of transportation of Illinois coal to new markets, and developing related infra-structure, funding the cost of construction and development of coal conversion parks in Illinois, providing incentives to attract new businesses that use coal or by-products developed from coal or its conversion to relocate in Illinois, and hiring consultants, engineers, and other experts to assist in providing feasibility work in connection with projects whose funding would otherwise be authorized. Effective immediately. Last action on Bill: PUBLIC ACT.............................. 90-0312 Last action date: 97-08-01 Location: Senate Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 2 END OF INQUIRY Full Text Bill Status